Tusaldah Ltd

BSE: 531301

₹ 118.95-4.99%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 28 crWebsite: www.highstreetfilatex.inUpdated: 24 Oct 2026

About

Tusaldah Ltd, formerly High Street Filatex Limited, reports a single segment of Trading. In FY26 it began moving away from textile and commodity trading toward wholesale distribution of FMCG products and beverages. Revenue from operations was about Rs. 3.02 crore in FY26, down from about Rs. 4.17 crore in FY25.^[1][2][3]

Business segments

In FY26 the company reported one segment, Trading. The Board reviews performance and allocates resources for this single business unit.^[1]
As of FY25, the business was trading in socks, yarn and other commodities. It had no foreign investments or collaborators.^[2]

Strategic shift

During FY26 the company began moving from textile and commodity trading toward wholesale distribution of FMCG products and beverages. In the near term it is focused on building an operating platform for this business.^[1]
Under the FY26 plan, the company will add selected FMCG categories one at a time rather than try to cover the whole FMCG market.^[1]
The FY26 annual report names non-alcoholic drinks such as juices and energy drinks as a related category. The company will enter regulated alcoholic beverages only after it obtains the required approvals.^[1]
Over the longer term, the company may look at private-label products, brand arrangements and strategic collaborations (FY26 annual report).^[1]

Sourcing and markets

As of FY26, India is expected to stay the main sourcing base. Selected overseas markets, including parts of Africa, may be evaluated over time.^[1]
The promoter group has experience in international markets and consumer-product distribution, including in parts of Africa. The company intends to draw on this knowledge while keeping the listed company separate from promoter and group businesses (FY26).^[1]

Operations

In FY25, financial stress and a shortage of working capital left capacity underused. Management said it was working on an alternative strategy.^[2]
The FY26 annual report lists employee strength as of March 31, 2026 as N.A.^[1]

Key risks named by management

Risks listed in the FY26 annual report include carrying out the strategy change, inventory cycles, customer credit, swings in commodity prices, currency moves, freight costs, geopolitical factors and licensing and excise rules for regulated categories.^[1]

Recent developments

In FY25 the company proposed changing its name from High Street Filatex Limited to Tusaldah Limited, subject to approvals.^[2]
In FY25 the company proposed moving its registered office from Jaipur, Rajasthan to Goregaon (East), Mumbai.^[2]
Filing dated 26 Sep 2026: the acquirers launched an open offer at Rs 20 per share for up to 37,83,000 equity shares, a 26% stake. The company approved a preferential issue of 58,56,570 shares to the acquirers and to public investors.^[4]
For Q2 FY27, the company filed an investor presentation titled 'Corporate Structure of the Company - Legacy to Opportunity'.^[5]

Market Cap

₹28 Cr

High / Low

₹192 / 101

Stock P/E

-46.8

Price / Book

68.8

Book Value

₹2

EPS

₹-2.6

No. of Shares

0.23 Cr

ROCE

-36.3%

ROE

-81.1%

OPM

-20.3%

Debt / Equity

1.13

Sales

₹3 Cr

Net Profit

₹-1 Cr

Promoter holding

33.4%

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